RE:RE:Uplisting to a US market soon!Makes no sense to issue paper at these bargain basement prices. As GIlles mentioned before, once a "event" occurs (ie. PGX deal) the stock should react accordingly. They appear to be partnering with HCW, so lets see where that goes.
I don't know how much capital they need for the German plant and equipment (purchase existing and tweak equipment vs. expensive custom made equipment), but I would believe their current working capital is adequate and with rev improving 50% in H1, continued increases in cash flow from product sales should put them in a comfortable situation. Any PGX deal is said to come with upfront payments and milestone payments. These can be used to fund all their other pipeline products. A financing would really be done just to satisfy HCW so they can give some institutional sponsorship for the companys stock.
I'm sure Gilles felt abandoned by Echelon who took the financing but NEVER issued a company report (for whatever reason), so lesson learned. Does he really need a financing, unless this would in part help with a NASDAQ uplisting.
More pieces of the puzzle and validation of their tech appears to have come recently.
I for one was able to pick up some more shares yesterday while waiting for news.